As per the Budget Code, following the delivery of macroeconomic forecasts and information concerning basic directions of Georgia's ministries by the government of Georgia to the parliament, the Parliamentary Budget Office (PBO) is publishing its independent forecasts.Major dynamics of the forecasted variables are as follows:

The real GDP 2019 growth forecast (4.7%) exceeds the government forecast (4.5%) by 0.2 pp and is 0.8 pp lower compared to the PBO forecast of June 2018. PBO assesses that this difference with the previous forecast is mainly caused by two factors: In the 2nd half of 2018 the external economic environment has not improved significantly, while the 2019 economic growth forecasts for

As per the Budget Code, following the delivery of macroeconomic forecasts and information concerning basic directions of Georgia's ministries by the government of Georgia to the parliament, the Parliamentary Budget Office (PBO) is publishing its independent forecasts.Major dynamics of the forecasted variables are as follows:•According to the PBO forecast, the Georgian economy will grow by 5.2% in 2018, while average growth in 2019-2022 equals 5.8%. The real GDP growth forecast for 2018 (5.2%) is 0.7 percentage points (pp) higher than the government forecast (4.5%) and slightly higher (by 0.3 pp) compared to the PBO forecast published in December 2017. This is mainly caused by several factors: in 2017 and